Indian Oil is a mammath in the oil and gas sector in India, straddling 11 refineries with a total capacity to process 80.7 million metric tonnes per annum (MMTPA) of petroleum products. It’s forays upstream and downstream have now given the mega corporation (FY17 revenue Rs 4,45,372.91 crore) an arm rest across the oil and gas value chain, from exploration and production for oil and gas, to refining and marketing petroleum products and lubricants (POL), to petrochemicals and lately, renewable energy resources.
Chandigarh, Dec 13 (PTI) Punjab Chief Minister Amarinder Singh today ruled out rolling back the decision to provide power to the industry at the subsidised rate of Rs 5 per unit.
The Adani Group today dismissed Congress’ allegation of charging exorbitant electricity tariff in Gujarat, saying it sold power to the state at a “very attractive” price of Rs 2.65 per unit over the last four years.
Railway Minister Piyush Goyal on Thursday (23 November) met José María Oriol, the CEO of Talgo, who offered to build the light-weight, energy efficient Spanish Talgo trains in the country under the ‘Make in India’ initiative, ministry officials said.
Hindustan Oil Exploration Company Ltd (HOEC) said it has commenced the first commercial gas sale from Dirok gas field in Assam.
India and Afghanistan trade and cultural relations date back to back to the Indus Valley Civilization. The two countries have shared a twisted political relationship in the past.
Reliance Industries has outbid rivals, including state-owned GAIL India, to buy the entire volume of natural gas from its own coal seam blocks until March 2021.
German industrial group Siemens AG and French rival Alstom SA agreed to merge their rail operations, creating a European champion to better withstand the international advance of China’s state-owned CRRC Corp Ltd.
India may export fewer fuels in the next four years as growth in the demand for oil products is rising faster than new refining to produce them is being added, an Essar Oil company executive said on Monday.
In order to eliminate the substandard solar modules flooded in India, the Ministry of New Renewable Energy (MNRE) issued new set of quality norms and standards for all solar equipments this month.